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Wilson Limited applied the straight-line method of depreciation to its non-current assets. The cost of the buildings was $640 000, the depreciable amount is $560
Wilson Limited applied the straight-line method of depreciation to its non-current
assets. The cost of the buildings was $640 000, the depreciable amount is $560 000,
the residual value is $80 000 and the useful life is 8 years. The annual depreciation
charge is:
a) $80 000.
b) $75 000.
c) $70 000.
d) $60 000
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